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Business picking up in rental industry

Nov. 26, 2003

RentalPulse survey results show that many rental operators are experiencing higher revenues in 2003 than in 2002

RentalPulse survey results show that many rental operators are experiencing higher revenues in 2003 than in 2002. They also foresee more positive business conditions and a slight jump in new equipment acquisition for 2004.

RentalPulse survey results show that many rental operators are experiencing higher revenues in 2003 than in 2002

RentalPulse survey results show that many rental operators are experiencing higher revenues in 2003 than in 2002. They also foresee more positive business conditions and a slight jump in new equipment acquisition for 2004. RentelPulse conducted the online survey last week through its subscribers.

Slightly more than 59% of rental operators who responded to the survey report their business revenues are better this year than in 2002. About 28% said business was comparable to last year. Only 12% reported a drop in business.

More than 70% of respondents believe business conditions will improve in 2004, while almost 28% forecast similar conditions to 2003.

In terms of purchasing new equipment, almost 46% plan to buy about the same amount of equipment as last year and 41.5% report they will buy more in 2004.

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